Methanex Investor Presentation - July 2025

The Global
Methanol
Leader
CORPORATE PRESENTATION
JULY 2025

Forward-looking statements and non-GAAP measures
Information contained in these materials or presented orally,
either in prepared remarks or in response to questions, may
contain forward-looking statements. Actual results could differ
materially from those contemplated by the forward-looking
statements. For more information, we direct you to our 2024
Annual Management Discussion and Analysis (MD&A) and slide 24
of this presentation.
This presentation uses the terms EBITDA, Adjusted EBITDA,
Adjusted income or Adjusted earnings per share, and Free Cash
Flow. These items are non-GAAP measures that do not have any
standardized meaning prescribed by GAAP and therefore unlikely
to be comparable to similar measures presented by other
companies. These measures represent the amounts that are
attributable to Methanex Corporation and are calculated by
excluding the impact of certain items associated with specific
identified events. Refer to slide 24 of this presentation as well
as Additional Information - Non-GAAP Measures in the Company’s
2024 Annual MD&A for reconciliation in certain instances to the
most comparable GAAP measures.
All currency amounts are stated in United States dollars.
2 Methanex | The Global Methanol Leader | Investor Presentation

Methanex is the world’s largest producer
and supplier of methanol globally
3
11
Operating
Plants
7
Production
Locations
~1,700
Employees
Competitive advantage
Safe, sustainable, and secure supply.
Underpinned by our global integrated
supply chain with dedicated shipping
fleet and global production network.
Adjusted EBITDA Production (equity) Methanol Average Realized Price (ARP)
TSX
MX
Strategy
We create value through our
leadership in the global
production, marketing and delivery
of methanol to customers.
Nasdaq
MEOH
Safety is the top priority
We are committed to the
highest standard of safety
and sustainability.
2020
2021
2022
2023
2024
2020
2021
2022
2023
2024
2020
2021
2022
2023
2024
$622M
6.4 MMT $355/MT
$333/MT
$764M
6.6 MMT
Million metric tonnes (MMT) $/metric tonne (MT)

Our commitment to Responsible Care is
unwavering; we work everyday to put our
values and safe practices into action to ensure
the safety of our employees, contractors,
visitors, and communities where we operate
Safety is our number
one priority
4
Recordable Injury Rate vs. ACC1 Industry Benchmark
Injuries per 200,000 hours worked
0.65
0.69
0.74
0.64
0.44
0.22
0.28
0.32
0.09
2020 2021 2022 2023 2024
ACC Member Companies Methanex
2024 Leading Indicators
1,403
Near misses
12,320
Hazard identification
11,294
Behaviour-based safety observations
Our 2024 recordable injury
frequency rate was our lowest
occupational injury rate on record
Source: American Chemical Councill. 2024 data not year available - annual data published in Q3 of the following year.
1
Methanex | The Global Methanol Leader | Investor Presentation

Acquisition of OCI Global’s methanol business expected to drive
strong returns and long-term shareholder value
5
• Transaction closed on June 27, 2025
• World-scale North American operating assets acquired below reinvestment economics
• Adds substantial capacity in a strategic jurisdiction with access to a stable and economic supply
of natural gas feedstock and supply chain flexibility to service global customers
• Leadership position to capitalize on low carbon methanol business opportunity
World-scale Assets on the US Gulf Coast
Asia Europe
South America
Methanex Shipping Lanes
OCI Beaumont | TX
Natgasoline| TX
G1, G2 & G3 | LA
Methanol: 4.0 MMT
Methanol: 0.91 MMT
Ammonia: 0.34 MMT
Methanol: 0.85 MMT

Proven operational
excellence driving
strong cash flow
generation
6
Well-positioned to
lead in a dynamic
environment
Disciplined approach to
risk management and
capital allocation
strategy
Sustainable
competitive advantage
from integrated global
capabilities
Leader in an industry
with a positive
long-term outlook
Leading market share in a
structurally attractive industry
supported by a solid cost curve
and growing global demand.
• Safety-focused operations
• Global production footprint
• Competitive cost structure
• Integrated global supply
chain
• Strong relationships with
top-tier customers
Robust cash flow capability is
underpinned by a strong asset
base, further enhanced by the
acquisition of OCI Global’s
methanol business.
Our experienced team is driving
additional cash flow through
operational efficiencies, asset
integrity management, and
disciplined capital allocation.
Our strong global position allows
us to navigate a dynamic macro
environment with agility.
Our innovative teams are
focused on identifying
opportunities as well as
progressing projects that
support the transition to the
low-carbon economy.
We maintain financial
flexibility across methanol
price cycles through a
competitive cost structure,
strong cash conversion, and
disciplined risk management.
A strong balance sheet
supports resilience and
enables us to pursue strategic
initiatives.
Why Invest?
Our integrated global supply
chain—backed by a broad
production network, regional
sales presence, and strong
logistics—ensures a competitive
advantage.
We build long-term partnerships
with top-tier customers through
a commitment to safe,
sustainable, and reliable supply.

Safety, efficiency and reliability
Continuous improvement of safety
performance, plant efficiency, and
reliability.
Focused on delivering value-generating initiatives in a safe and reliable way
Strategic Priorities for the Business
Integrate OCI Global’s methanol
assets and realize synergies
The integration is expected to increase run
rate production and cash flow. We are
focused on leveraging our global expertise
and operational experience to improve
operating rates and deliver on the
strategic value of the acquisition.
Preserving financial flexibility
while reducing leverage
Our capital allocation priorities remain
focused on maintaining the business
through sustaining capital investments
and reducing leverage toward our target
level. We are committed to maintaining
a flexible balance sheet that positions us
to pursue strategic initiatives, including
high-return growth projects and
opportunistic share buybacks
7

Global production capacity across 7 production locations
8
~6.4 MMT methanol operating capacity 1
0.34 MMT ammonia operating capacity 1
6 plants
3 production locations
Gas supply: financial hedges, fixed price
contracts, and spot market purchases
~4 MMT methanol operating capacity 1
5 plants
4 production locations
Gas supply: methanol price linked
contracts
North America
Rest of World
1 Annual operating capacity reflects, among other things, average expected plant outages, turnarounds and average age of the facility’s catalyst. Actual production for a facility in any given year may be higher
or lower than operating capacity due to several factors, including natural gas composition or the age of the facility’s catalyst. Methanex’s share shown for Natgasoline (50%) and Egypt (50%).
Strategically expanded our North American footprint to capitalize on stable and economic supply of natural gas feedstock
The map is intended for illustrative purposes.

Competitive advantage from global integrated capabilities
✓ Extensive integrated global supply chain with
a dedicated shipping fleet
✓ Unique position as the only supplier with
well-established production and sales in all
major regions
Scale and flexibility enabling Methanex to be the supplier of choice and
attract and retain customers around the world
7
Production Locations
117
Global Terminals
~30
Marine Vessels
11%
Industry Market Share
Across 6 countries
and 4 continents
With 19 dual-fuel vessels
that can run on methanol
World’s leading
methanol producer
✓ Industry leading customers
✓ Sharing of best practices and expertise with
other industry members – currently hold the
Chair of the Board of the Methanol Institute
Where methanol is
loaded / unloaded
~1,225
Rail Cars
Leased and
operated
9

Strong free cash flow conversion over a range of methanol prices
10
Adjusted EBITDA1 and Free cash flow2 capability to equity
holders ($M) at average realized methanol prices ($/MT)
Financial obligations to get to
free cash flow:
• Debt service: $150 - 200M
• Lease payments: $145M
• Sustaining capital: $150M
• Taxes: ~25% effective rate
• Based on production of 9.6MMT (inclusive of ammonia). New Zealand is included at 400KMT per year and Chile at 1.4MMT.
• Ammonia Adjusted EBITDA contribution is ~$30M at a $375/MT ammonia ARP
• Adjusted EBITDA inclusive of $30M in synergies
• Post deleveraging assumes repayment of $550M
• See slide 32 for additional assumptions and disclosures
$650
$1,075
$1,450
$150
$500
$850
$300/MT $350/MT $400/MT
Adjusted EBITDA FCF (Current Capability) Additional FCF (Post-deleveraging)
$50
$50
$50

Global methanol demand and supply dynamics
Demand expected to grow at a ~3% compound annual growth rate over the next five years
North America/Latin America
Demand
10%
Production
20%
Europe (including Russia)
Demand
10%
~65% of
production
from Russia
Production
5%
Main production
hubs in US Gulf
Coast and Trinidad
Middle East/Africa
Demand
5%
About 75% of
production from
Iran (~45%) and
Saudi Arabia
(~30%)
Production
25%
China
Demand
60%
Production
45%
~85% of production
from coal-based
plants
Asia Pacific
Demand
15%
Production
5%
Production mainly
from New Zealand
and Malaysia
Source: OPIS (Chemical Market Analytics) World Analysis based on 2024 production and demand figures.

Methanol is difficult to substitute
based on its unique chemistry,
scale, ease of transport and cost
12
Essential building block used in formaldehyde
and acetic acid to make raw materials for
building and automotive parts, paints, paper,
plastics, pharmaceuticals and silicone products.
Methanol
FEEDSTOCK
Traditional
Energy
MTO
Traditional chemical
applications expected
to grow with GDP
Energy-related
applications have
demand upside
Methanol-to-Olefins
(MTO) demand is
expected to be stable
Used in Methyl tert-butyl ether (MTBE)
for blending in gasoline, in Dimethyl
ether (DME) to replace liquified petroleum gas
(LPG), and in the production of biodiesel.
A cleaner burning fuel for kilns, cooking stoves,
boilers, and cars and heavy trucks in China.
Emerging demand from methanol as a marine
fuel.
Comprised of ~15 plants in China with capacity to
consume ~20 mmt of methanol. Economics for
each plant varies depending on downstream
integration.
Operating rates have been resilient through
methanol and olefin price cycles.
of global methanol
demand
~50%
of global methanol
demand
of global methanol
demand
~30%
~20%
*Green Feedstocks
Including: renewable
natural gas, biomass,
renewable electricity.
Coal
~40%
Natural Gas
~59%
2024 DEMAND ~97M MT
<1%*
Source: OPIS (Chemical Market Analytics) World Analysis, Spring 2025.

Cleaner burning, proven technology, easily transportable
with existing infrastructure, and cost competitive
Momentum is growing for methanol as a marine fuel
13 1 Sulphur oxides (SOx), Nitrogen oxides (NOx)
Methanol is a cleaner-burning
fuel and can reduce SOx and
particulate matter (PM) emissions
by over 95%, and NOx by up to
80% compared to heavy fuel oil.1
The IMO targets of reducing
carbon intensity will drive
material incremental demand for
low carbon fuels, including green
methanol.
In 2024, a methanol powered
vessel operated by Waterfront
Shipping, was fuelled with the
first methanol ship-to-ship
bunkering at the Port of Point
Lisas in Trinidad and Tobago.
Multiple fuels needed to support
the marine industries
decarbonization goals. Adoption
of methanol is gaining
momentum as it is a proven
technology, available at more
than 125 of the world’s largest
ports and is safe and easy to
store and handle.
>95% reduction in SOx
and PM emissions
possible with the use ofmethanolas a
marine fuel.
19 vessels with dual-fuel
methanol engines
in the~30-shipfleetofMethanex’s
subsidiary, WaterfrontShipping.
400 mmt+ total
marine fuel demand
in methanolequivalent;otherfuels
will be requiredto meetthis demand.

Firm capacity additions unlikely to meet growing
demand in the mid-term
New capacity additions
Besides G3, limited firm capacity addition
expected in the Atlantic market. Firm
additions outside the Atlantic include a 1.8
MMT plant in Malaysia and plants in Iran and
China.
New capacity is needed to meet demand
growth; greenfield projects typically take 4 to
5 years from FID to commercial production.
Mid-term methanol price outlook
Higher methanol prices and tight market
conditions supported by:
• Growing methanol demand
• Feedstock supply constraints on existing
assets globally
• Supportive energy prices
Source: OPIS (Chemical Market Analytics) World Analysis, Spring 2025. Capacity calculated on a pro-rata basis depending on start-up timing.
14
*Methanex does not include any capacity additions in Iran from 2026-2028 as gas supply is uncertain.
-
1.0
2.0
3.0
4.0
5.0
6.0
7.0
2022 2023 2024 2025 2026 2027 2028
MMT
Estimated Methanol Industry Capacity Additions*
Atlantic Iran China Others Firm Capacity Addition*

0 10 20 30 40 50 60 70 80 90 100
Competitive position on attractive industry cost curve
The global methanol cost curve is
fragmented
The cost of methanol production varies widely
across regions due to differences in feedstock
availability (natural gas vs. coal), plant
efficiency, and energy costs. Marginal
producers on the high end of cost curve are
high-cost coal and natural gas producers in
China.
Methanex assets competitive across a wide
range of methanol prices due to position on
cost curve
Our growing North American asset base
enhances our position on the cost curve,
supporting margin resilience and
competitiveness.
Global
methanol
demand
Illustrative methanol industry cost curve
($/tonne)
Global production (MMT)

Methanol demand growth
expected to outpace capacity
additions in the mid-term
requiring operating rates to
increase
Structural operating rate limits impacting over
50% of global capacity
Iran – New plants have operated intermittently due
to technical challenges and natural gas constraints,
worsened by the ongoing energy crisis.
China – impacted by feedstock availability and
environmental restrictions
Trinidad + Europe – impacted by feedstock
economics
Factors impacting operating rates
• Feedstock availability and higher energy prices
• Technical issues
• Geopolitical challenges
• Environmental restrictions
Source: OPIS (Chemical Market Analytics) World Analysis, Spring 2025 Update. Operating
rate excludes hypothetical capacity that OPIS builds into forecast to balance the market.
58%
60%
62%
64%
66%
68%
70%
72%
74%
76%
0
20
40
60
80
100
120
140
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Global methanol demand (MMT) Operating rate required to balance the market
~3% Compound Annual Growth Rate
demand growth over next five years

Methanol’s role
in the low-carbon
economy
Methanol can also be
made using carbon
capture technology, with
renewable feedstocks,
such as renewable natural
gas or renewable syngas,
or from green hydrogen
combined with recycled
carbon dioxide (CO₂)
Methanex is exploring
these multiple pathways as
part of its work to progress
low carbon solutions
17
GREEN
HYDROGEN
BIOGENIC CO₂
NATURAL GAS
RENEWABLE
FEEDSTOCKS
GREY
METHANOL
BLUE
METHANOL
BIO-METHANOL
E-METHANOL
CCUS
-50 to +33 grams CO₂e/MJ*
10 to 30 grams CO₂e/MJ*
100 grams CO₂e/MJ*
70 to 84 grams CO₂e/MJ*
CO₂
Multiple methanol pathways
PRE-FEED STUDY
METHANEX TODAY
FEASIBILITY STUDY
GREEN METHANOL CAPABILITIES
IN GEISMAR
*All lifecycle values of grams CO2e/MJ are approximate
Emissions values courtesy of Argus Media 2024 and the Methanol Institute

Solutions focused and committed
to continual improvement
Embedding sustainability:
from strategy to action1
18
1. For a full list of our sustainability commitments see our 2024 Sustainability Report
2. By 2030 from 2019 levels
3. Tonnes of CO₂e per tonne of methanol, as of the end of 2024.
4. Carbon capture utilization and storage
5. Using the World Resources Institute's Aqueduct Water Risk Atlas
Continuously improve our resource
management performance to
reduce environmental impact
Continuously improve our personal
and process safety performance
with the goal of Zero Harm
Protecting
people and the
environment
Embed a culture of equity and
inclusion that enhances diversity
across the company and strengthens
the connection with our communities
Fostering inclusion
and community
connection
Reduce Scope 1 and Scope 2
GHG emission intensity by 10%2
Invest in low-carbon methanol
solutions
Advancing
solutions for a
low-carbon future
COMMITMENTS
COMMITMENT
COMMITMENTS
3.7% reduction in GHG Intensity3
since 2019
PROGRESS
Entered Pre-FEED study for
CCUS4 at Medicine Hat facility
PROGRESS
Lowest recordable injury
frequency rate in 2024 on record;
Zero process safety incidents
Zero significant environmental
spills; completed a global water
assessment5
PROGRESS
Launched global Employee
Resource Groups and inclusion
training

Fixed + variable manufacturing
and G&A costs
Costs include people, utilities (oxygen, CO2,
power, etc.), and other operating costs
Our competitive structure enables us to provide secure supply to our customers and create value throughout the cycle
Focused cost discipline
Natural gas
• North America: target
meaningful near-term hedge
positions utilizing fixed price
contracts or financial hedges.
• Rest of world: natural gas
price varies based on
methanol prices which
enables assets to be
competitive across a wide
range of methanol prices
1. Natural gas prices vary with methanol
pricing. Percentage of cost structure based
on a mid-cycle or $400/MT ARP price and
$3.50/mmbtu spot Henry Hub pricing.
Logistics
Fleet of ~30 vessels
supplemented with short-
term COA vessels and spot
vessel shipments
Integrated supply chain
allows benefit of back-haul
shipments
Network of owned and
leased terminals worldwide
Various in-region logistics
capabilities including
barge, rail, truck and
pipeline
Logistics costs vary based on
oil/bunker fuel prices
Logistics
~ 25%
Other
~ 25%
Natural gas
~50%1

20
Consistent capital allocation priorities balancing growth and
shareholder returns
Maintain our business
Maintain financial flexibility
to operate assets reliably
with sustaining capital of
~$150M and $300M
minimum cash.
Near term priority to repay
term loan.
Profitable growth
Pursue value-accretive
conventional and low-carbon
growth opportunities which
will enhance cash flow
generation capability
Shareholder distributions
Since 2014, returned ~$2.4
billion through dividend and
share repurchases.
Share buybacks to be executed
opportunistically once within
target leverage range.
Committed to maintain a
sustainable dividend.

700 700
600
300
15 30
30
250
225
2025 2026 2027 2028 2029 2030 2031 2032 … 2044
Bonds
Term Loan A
Targeting investment grade leverage metrics
• Plan to reduce debt by ~$550M within 18 months post-closing, assuming a methanol price of $350/MT.
• Term Loan A can be paid earlier than maturity; our intent is to repay it using operating cash flow.
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
$0
$200
$400
$600
$800
$1,000
$1,200
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
$/tonne
$M
Capital investments (LHS) Shareholder distributions (LHS)
Methanol price (RHS)
21
Shareholder distributions include dividend and share buybacks.
Moody’s
Ba2
Excellent Liquidity Position
Target a minimum of $300 million cash balance
Consistent track record of balanced capital investment
and shareholder distributions
Fitch
BB+
S&P
BB
Credit Ratings
Target investment grade leverage metrics.
Since 2014 we have returned ~$2.4B to shareholders
and spent ~$3.6B on capital investments
Debt maturity profile ($M)
Strong liquidity and well-balanced debt maturities
Strong financial position
Methanex Share of Cash1 (as of 30 June 2025)
$459M
Current Methanex Revolving Credit Facility
$600M
1 Excluding the non-controlling interest portion of $50 million but including our share of cash held by joint ventures of $24 million.

22
Well-positioned
to lead in a
dynamic
environment
Disciplined
approach to risk
management and
capital allocation
strategy
Sustainable
competitive
advantage from
integrated global
capabilities
Leader in an
industry with
a positive
long-term
outlook
Why Invest?
Proven
operational
excellence driving
strong cash flow
generation

Modeling Information
Run rate financial profile (Methanex share)
~$145M
Lease Payments
~$200M
Debt Service
Gas cost structure
1. Inclusive of production from Natgas and OCI Beaumont for Q3 and Q4 2025. Run-rate includes New Zealand at 400KMT per year.
2. Assumes that the portfolio received from the OCI transaction is unhedged and all at spot pricing.
3. $50/MT change in average realized price (ARP) impacts portfolio gas cost/MT by ~$6.
4. Average realized price is calculated as revenue divided by the total sales volume.
~35 mmbtu/MT2
Portfolio efficiency
~$3.75/mmbtu2 3
Avg. gas cost at $400/MT with Henry Hub
forward curve of ~$3.50/mmbtu
~35-40%
Americas
~25-30%
Europe
~15%
China
~20%
Asia Pacific
(ex. China)
Sales mix
2025 and run rate capital expenditures
~$130-135M
2025E CAPEX
~35%
Of production has gas costs linked to Average
Realized Price (ARP)4
~$500M
Depreciation + Amortization
~25%
Effective tax rate
~$150
Run-rate sustaining
CAPEX 2026+
2025E and run rate production
~8 MMT
2025E Equity production
23
1
3
2025 turnarounds
~9.6 MMT
Run-rate annual equity
production

Forward-looking statements
More particularly andwithout limitation, any statements regarding the following are
forward-looking statements:
• The expected benefits of the OCI Acquisition, including benefits related to
expected synergies and commodity diversification,
• anticipated synergies and Methanex’s ability to achieve such synergies following
closing of the OCI Acquisition,
• expected demand for methanol, including demand for methanol energy uses, and
its derivatives,
• expected new methanol supply or restart of idled capacity and timing for start-up
of the same,
• expected increase in methanol production of assets to be acquired as a part of the
OCI Acquisition,
• expected shutdowns (either temporary or permanent) or restarts of existing
methanol supply (including our own facilities), including, without limitation, the
timing and length of planned maintenance outages,
• expected methanol and energy prices,
• expected levels of methanol purchases from traders or other third parties,
• expected levels, timing and availability of economically priced natural gas supply
to each of our plants,
• capital committed by third parties towards future natural gas exploration and
development in the vicinity of our plants,
• our expected capital expenditures and anticipated timing and rate of return of
such capital expenditures,
• anticipated operating rates of our plants,
• expected operating costs, including natural gas feedstock costs and logistics costs,
• expected tax rates or resolutions to tax disputes,
• expected cash flows, cash balances, earnings capability, debt levels and share
price,
• availability of committed credit facilities and other financing,
• our ability to meet covenants associated with our long-term debt obligations,
• our shareholder distribution strategy and expected distributions to shareholders,
• commercial viability and timing of, or our ability to execute future projects, plant
restarts, capacity expansions, plant relocations or other business initiatives or
opportunities,
• our financial strength, debt reduction and deleveraging plans, and ability to meet
future financial commitments,
• expected global or regional economic activity (including industrial production
levels) and gross domestic product growth,
• potential impacts of tariffs on global economic activity and Methanex,
• expected outcomes of litigation or other disputes, claims and assessments, and
• expected actions of governments, governmental agencies, gas suppliers, courts,
tribunals or other third parties.
Having in mind these and other factors, investors and other readers are cautioned not to place undue reliance on forward-looking statements.
They are not a substitute for the exercise of one’s own due diligence and judgment. The outcomes implied by forward-looking statements may
not occur and we do not undertake to update forward-looking statements except as required by applicable securities laws.
However, forward-looking statements, by their nature, involverisks and uncertainties that
could cause actual results to differ materially from those contemplatedby the forward-
looking statements. The risks and uncertainties primarily include thoseattendant with
producing and marketing methanol andsuccessfully carrying out major capital expenditure
projects in various jurisdictions, including, without limitation:
• Unforeseen difficulties in integrating the business operations or assets purchased
pursuant to the OCI Acquisition into our business and operations,
• failure to realize the expected strategic, financial and other benefits of the OCI
Acquisition in the timeframe anticipated or at all,
• unexpected costs or liabilities associated with the OCI Acquisition,
• increased litigation or negative public perception as a result of the OCI Acquisition,
• increased indebtedness of Methanex,
• conditions in the methanol and other industries including fluctuations in the
supply, demand and price for methanol and its derivatives, including demand for
methanol for energy uses,
• the price of natural gas, coal, oil and oil derivatives,
• our ability to obtain natural gas feedstock on commercially acceptable terms to
underpin current operations and future production growth opportunities,
• the ability to carry out corporate initiatives and strategies,
• actions of competitors, suppliers and financial institutions,
• conditions within the natural gas delivery systems that may prevent delivery of our
natural gas supply requirements,
• competing demand for natural gas, especially with respect to any domestic needs
for gas and electricity,
• actions of governments and governmental authorities, including, without
limitation, implementation of policies or other measures that could impact the
supply of or demand for methanol or its derivatives,
• changes in laws or regulations,
• import or export restrictions, anti-dumping measures, increases in duties, taxes
and government royalties and other actions by governments that may adversely
affect our operations or existing contractual arrangements,
• world-wide economic conditions, and
• other risks described in our 2024 Annual Management’s Discussion and Analysis
and this Second Quarter 2025 Management’s Discussion and Analysis.
We believethat we have a reasonablebasis for making suchforward-looking
statements. The forward-looking statements in this document are basedon our
experience, our perception of trends, current conditions and expected future
developments as well as other factors. Certain material factors or assumptions
wereapplied in drawing the conclusions or making the forecasts or projections
that are included in theseforward-looking statements, including, without
limitation, future expectations andassumptions concerning the following:
• Methanex’s ability to realize the expected strategic, financial and other
benefits of the OCI methanol acquisition in the timeframe anticipated or at
all,
• the supply of, demand for and price of methanol, methanol derivatives,
natural gas, coal, oil and oil derivatives,
• our ability to procure natural gas feedstock on commercially acceptable
terms,
• operating rates of our facilities,
• receipt or issuance of third-party consents or approvals or governmental
approvals related to rights to purchase natural gas,
• the establishment of new fuel standards,
• operating costs, including natural gas feedstock and logistics costs, capital
costs, tax rates, cash flows, foreign exchange rates and interest rates,
• the availability of committed credit facilities and other financing,
• our ability to sustain the designed operating rates of the Geismar 3 plant,
• global and regional economic activity (including industrial production
levels) and gross domestic product growth,
• absence of a material negative impact from major natural disasters,
• absence of a material negative impact from changes in laws or regulations,
• absence of a material negative impact from political instability in the
countries in which we operate, and
• enforcement of contractual arrangements and ability to perform
contractual obligations by customers, natural gas and other suppliers and
other third parties.
This presentation, our Second Quarter 2025 Management’s Discussion and Analysis ("MD&A") as well as comments made during the Second Quarter 2025 investor conference call contain forward-looking statements with respect to us and our industry. These
statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. Statements that include the words "believes," "expects," "may," "will," "should," "potential," "estimates,"
"anticipates," "aim," "goal", "targets", "plan," "predict" or other comparable terminology and similar statements of a future or forward-looking nature identify forward-looking statements.
24

Global capacity across 7 production locations
1 Annual operating capacity reflects, among other things, average expected plant outages, turnarounds and average age of the facility’s catalyst. Actual production for a facility in any given year may be higher or lower than operating capacity due to several
factors, including natural gas composition or the age of the facility’s catalyst. Methanex’s share shown for Natgasoline in Beaumont (50%) and Egypt (50%). Capacity shown is for methanol unless states otherwise.
2 The Atlas plant in Trinidad is currently idled due to natural gas availability. On October 13, 2023, announced that we have signed a two-year natural gas agreement with the National Gas Company of Trinidad and Tobago for our wholly owned Titan methanol
plant (875,000 tonnes per year capacity) to restart operations in September 2024. Simultaneously, we announced our intention to idle the Atlas methanol plant (Methanex interest 63.1% or 1,085,000 tonnes per year capacity) in September 2024, when its
legacy 20-year natural gas agreement expires.
26
Operating capacity (MMT)1 Number of plants2 Gas supply
Medicine Hat, Canada
0.56 1 Fixed price contracts
Geismar, USA
4.0 3 Financial hedges, fixed price contracts, and spot market
Beaumont, USA
1.76 (methanol)
0.34 (ammonia)
2 Financial hedges and spot market
Damietta, Egypt
0.63 1 Methanol price linked contracts
Trinidad and Tobago
New Plymouth, New Zealand
Punta Arenas, Chile
10.71 11

Methanol demand applications
27
Applications % of global
demand1
End uses
Traditional
chemical
applications
Formaldehyde ~25%
Used as wood adhesive for plywood, particleboard and other engineered wood products
Also used as raw material for a variety of building and automotive products
Acetic acid ~9%
Used to produce a wide variety of products including adhesives, paper, paint, plastics, resins,
solvents, pharmaceuticals and textiles
Other
traditional
~17%
Used to produce a wide range of products including adhesives, coatings, plastics, film, textiles,
paints, solvents, paint removers, polyester resins/fibers, silicone products
Energy-related
applications
Methyl tert-
butyl ether
(MTBE)
~11%
Used as an oxygenate blending into gasoline to contribute octane and reduce the amount of
harmful exhaust emissions from motor vehicles
Fuel
applications
~11%
Used as an alternative cleaner-burning fuel for transportation, industrial boilers and kilns, and
cooking stoves
Dimethyl ether
(DME)
~5%
A clean-burning fuel that is used as a substitute for liquified petroleum gas (LPG) for household
cooking and heating. Can be used as a clean-burning substitute for diesel fuel in transportation
Biodiesel ~6% A renewable fuel made from plant oils or animal fats that uses methanol in the production process
Methanol-to-
Olefins
Methanol-to-
olefins (MTO)
~16%
Used as an alternative feedstock to produce light olefins (ethylene and propylene) to produce
various everyday products used in packaging, textiles, plastic parts/containers and auto
components
Source: OPIS (Chemical Market Analytics) World Analysis, Spring 2025 Update

Chemicals value chain
28
BASE CHEMICALS AND INTERMEDIATES
FEEDSTOCKS
CRUDE
OIL
(REFINERY)
NAPHTHA
(FRACTIONATOR)
LPG
ETHANE
PROPANE
BUTANE
SYNGAS
TOLUENE
XYLENE
BENZENE
BUTADIENE
PROPYLENE
PHENOL/ACETONE
EPOXIES/RESINS
POLYSTYRENE
POLYESTER
NYLON
POLYURETHANES
ACRYLICS
POLYPROPYLENE
ELASTOMERS/ABS
ACRYLIC FIBERS
EVA/ACETYLS
VAM
EDC/VCM/PVC
ETHYLENE GLYCOL
POLYETHYLENE
UREA/UAN
AMMONIA
DAP/MAP/PHOS
METHANOL
MTBE
CYCLOHEXANE
CUMENE
STYRENE
MDI/TDI
PTA
AMMONIA
METHANOL
ETHYLENE
PROPYLENE OXIDE
ACRYLONITRILE
ETHYLENE OXIDE
ACETIC ACID
ACETYLENE
NATURAL
GAS
COAL
SOLVENTS, INTERMEDIATE
PLASTICS, ADHESIVES, COATINGS
PACKAGING FOAM, INSULATION
CLOTHING, BOTTLES (PET), FABRIC
FABRIC, CARPET, AUTOMTIVE
FOAM INSULATION, FURNITURE, AUTO
COATINGS INGREDIENT, ADHESIVES
PLASTICS, PACKAGING, DURABLES
SYNTHETHIC RUBBER, PLASTICS
CLOTHING
ADHESIVES, COATINGS INGREDIENT
ADHESIVES, INTERMEDIATE
PLASTICS, CONSTRUCTION
COALANT/ANTIFREEZE, INTERMEDIATE
PLASTICS, PACKAGING, DURABLES
INTERMEDIATE, NITROGEN FERTILIZER
PHOSPHATE FERTILIZER (AG)
NITROGEN FERTILIZER (AG)
INTERMEDIATE, FUEL BLENDING
GASOLINE BLENDING
UREA/AN
PRODUCTS MARKETS/USES
BUTADIENE
PROPYLENE
ETHYLENE
AROMATICS
METHANOL
AMMONIA
OLEFINS
Source: UBS research report
FORMALDEHYDE

Ethylene
Polyethylene
Food packaging,
plastic bags
EDC PVC
Pipes, window
frames
Textile, bottles
Insulation cups,
models
EO MEG
Ethyl benzene Styrene
PET
Polystyrene
Propylene
Polypropylene
Food container,
bottles
ACN Synthetic rubbers
Household &
consumer goods
Building insulation,
bedding
Insulation cups,
models
PO Polyether polyols
Cumene Phenol
Polyurethane
Polycarbonates/
Phenolic resins
Methanol-to-olefins (MTO) value chain
• MTO production
mostly integrated with
downstream products
and subject to
downstream
alternative economics
• Degree of integration
means plants tend to
keep running
Synthesis
Gas
Methanol
Natural Gas or
Coal Feedstock
29

Providing solutions for the emerging low-carbon market supports our strategy of global methanol leadership
Reducing emissions and exploring paths to low-carbon methanol
REDUCING EMISSIONS FROM
OUR OPERATIONS
PROGRESSING LOW-CARBON
SOLUTIONS
Reduced-intensity Expansion Projects
Best-in-class technology for growth projects; the G3 plant has one of the lowest emission
intensity profiles in the industry.
Carbon Capture Utilization and Storage (CCUS)
Announced a Pre-FEED study at our Medicine Hat site with Entropy Inc, which would allow
for captured CO₂ to be reused for an additional 50,000 tonnes of methanol annually, with
the remainder sequestered underground.
RNG Supply Contract for Geismar
Executed a multi-year renewable natural gas contract that will allow us to produce 40,000-
60,000 tonnes of low carbon methanol from 2025-2028 at our Geismar facility.
Operational Improvements at Manufacturing Sites
Systematically identify, evaluate and implement efficiency and emissions reduction projects;
invested more than $15 million of capital into energy efficiency and reliability projects with
GHG reduction benefits at existing sites.
We entered a renewable electricity contract, backed by Renewable Energy Certificates, in
Geismar to cover 25 to 30 per cent of one plant’s electricity requirements starting in late 2024.
30

Methanex has been there from the beginning, developing methanol as a marine fuel, and is well-positioned to help
transition the shipping industry to a low-carbon future.
Leading the shipping industry for over a decade
31
2013
First series
of dual-fuel
vessels ordered
Advancing methanol marine
fuel technology since 2013.
Engine design & development
Early investor in CRI
2015
Stena Line &
Wartsila collabo
ration on 1st
methanol ferry
2016
WFS 1st gen
dual-fuel vessels
launched (7)
Continuously
demonstrating the
feasibility of
methanol as a marine
fuel since 2016.
2019
WFS 2nd gen
dual-fuel vessels launched (4)
100,000+ hours achieved
2020
IMO
guidelines
approved
2021
WFS
3rd gen
dual-fuel
vessels (2)
World's first
barge-to-ship
bunkering
2022
WFS 3rd gen dual-fuel vessels (5)
2023
200,000+ hours
achieved
WFS 3rd gen
dual-fuel vessels (1)
World's first
ship-to-ship bunkering
World's first methanol
net-zero voyage
2024
Fastwater project
ISCC-certification for bio-methanol production
2017-18
World's first
methanol
fishing vessel
piloted in China
Mitsui O.S.K. Lines
Cajun Sun
Creole Sun
~130+ methanol vessels
operating or on order
Multiple methanol engine providers sign on
Methanex | The Global Methanol Leader | Investor Presentation April 2024

Illustrative Adjusted EBITDA and free cash flow capabilities assumptions
(non-GAAP measures) – Methanex Run Rate
1 Note that Adjusted EBITDA and Free cash flow are forward-looking non-
GAAP measures that do not have any standardized meaning prescribed by
GAAP and therefore, are unlikely to be comparable to similar measures
presented by other companies.
For description and historical Adjusted EBITDA, refer Additional Information -
Non-GAAP Measures in the Company’s 2024 Annual MD&A.
Free cash flow, both historical and forward-looking, is useful as it provides a
measure of our cashflow generation capability and differs from the most
comparable GAAP measure, Increase (decrease) in cash and cash equivalents,
as it is adjusted to include our proportional share of the Atlas joint venture
cashflows and to exclude the non-controlling interests’ share of Egypt
and Waterfront Shipping, with dividends and repurchase of shares added
back. This non-GAAP measure does not have any standardized meaning
prescribed by GAAP and therefore, is unlikely to be comparable to a similar
measure presented by other companies.
2Free cash flow reflects Methanex’s proportionate ownership interest. Free
cash flow is presented after lease payments (~$145M), cash interest (based
on current debt levels) and debt service (~$200 M), sustaining capital (~$150),
estimated cash taxes (~25% rate) and other cash payments. Various factors
such as rising/declining methanol prices, planned and unplanned production
outages, production mix, changes in tax rates, and other items that can
impact actual Free cash flow.
3 Adjusted EBITDA reflects Methanex’s proportionate ownership interest.
Methanex production is based on plants operating at full capacity except for
except for plants which are experiencing gas supply shortages in which case a
near term estimate on production is provided by management. The unhedged
portion of our North American natural gas requirements are purchased under
contracts at spot prices. Estimates assume Henry Hub natural gas price of
~$3.50/mmbtu based on near-term forward curve. Gas contracts outside of
North America are methanol sharing contracts with a base price for natural
gas plus sharing as methanol prices increase. In New Zealand, one plant has
been indefinitely idled; the site has optimized its operating and capital costs
and we expect that these actions will substantially offset the adjusted EBITDA
and free cash flow impact from idling one plant.

Investor Relations
T: 604 661 2600
invest@methanex.com
www.methanex.com
linkedin.com/company/methanex-corporation
@Methanex

Methanex Investor Presentation - July 2025

More Related Content

Similar to Methanex Investor Presentation - July 2025 (20)

Recently uploaded (20)

Methanex Investor Presentation - July 2025